Grand Street Longtimers Montgomery Stationery and Isaac Sultan & Sons Hosiery Forced from the Block

Posted on: December 15th, 2015 at 5:12 am by
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To look upon the remaining pair of one-story pastel buildings on Grand Street is to know that re-development can’t be too far off. Its low-rise nature makes the spot ripe for an upward push, though permits are not on record.

Mom-and-pop shops remain the retail holdouts, hanging on by a thread in the face of the tidal wave of gentrification. More than half of its bretheren was excised from the block eight years ago to create two new high-end residential developments. Not to mention the flurry of sales activity across the street, with the multi-million sales of both the old Ridley & Sons ($27 million in 2013) and the Zarin Fabrics buildings ($25.6 million in 2015).

Amidst this climate, there are two additional losses to report; both having relocated. Montgomery Stationery at 330 Grand Street called it quits earlier this year after decades at this location. The store was established here in 1977, and expanded to Brooklyn seventeen years later. Now they’re back in Brooklyn at 5014 13th Avenue.

Despite the move, Montgomery Stationery also maintains an online presence.

More recently, though, its neighbor met the same fate. Isaac Sultan’s eponymous hosiery shop is no longer on the embattled block. A sign on the gates informs customers that the thirty-year-old business (“Ladies Intimate Apparel”) is now headquartered at 34 Ludlow Street.

The silver lining here is that a new small business just moved to the commercial strip – a full-on head shop called Grand Glass Gallery and Smoke Shop.

If we had to put money on what’s happening here, it would be that a property sale is coming down the pike. Keep a lookout.

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